Prudential Fixed Income Management

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Prudential Fixed Income Management Offers Collective Investment Trusts to Retirement Plans
Prudential Financial, Inc.
Theresa Miller, 973-802-7455
Tuesday, December 02, 2008 9:42 AM

Prudential Fixed Income Management has made its nine fixed income collective trust funds available to defined contribution plans, providing individual plan participants access to institutional products through their company retirement plans. Prudential Fixed Income Management is a fixed income asset management business of Prudential Financial, Inc. (NYSE: PRU).

“As one of the oldest and largest fixed income managers in the U.S., we are pleased to offer our institutional asset management expertise to investors through participating retirement plans for the first time,” said Shaun Byrnes, executive vice president and head of retail business for Prudential Fixed Income Management. “These funds offer participants the potential to garner the same kinds of returns defined benefit plans enjoy.”

The funds, offered within the Prudential Trust Company Collective Trust, cover a range of sectors, including enhanced index bonds, core and core plus bonds, inflation protected securities, U.S. corporate bonds, high yield bonds, bank loans, and international bonds and emerging market debt. The trust also offers growth equity, real estate and quantitative equity funds.

All nine funds trade through the National Securities Clearing Corporation, are priced daily and have multiple share classes available, including pricing designed for the rapidly growing “investment only” segment of the defined contribution market. Custody is included in all share class pricing.

Prudential Fixed Income Management is one of the largest fixed income managers in the US, with $209 billion in assets under management as of June 30, 2008. Prudential Fixed Income Management or one of its predecessors has been managing proprietary fixed income portfolios since 1875 and accounts for institutional clients since 1928. In particular, the firm has managed separate accounts in these strategies for institutional investors for many years.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $602 billion of assets under management as of September 30, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.